Launching of the Bakong system is a progressive milestone in the new era of financial sector in Cambodia, said NBC.

We are proud to be the first country to launch the latest Blockchain technology platform in the financial sector to enable us to develop and promote financial iinclusion to provide financial services for all Cambodians.

As explained by the bank, the system also allows transfers in Cambodian Riel or US dollars, as it is a peer-to-peer fund transfer service available to retail customers of participating banks in Cambodia.

Users can now transfer money directly to their mobile number or scan QR code via the Bakong app or through other banking services offered by member banks.